Posted in | News | Machine-Vision

Machine Vision Systems Market Expected to Reach $9.50 Billion by 2020

Nov 3 2014

Research and Markets has announced the addition of the "Machine Vision Market by Component, Product,Technology , Application, Vertical & by Geography- Analysis & Forecast (2014 - 2020)" report to their offering.

Machine vision is a combination of mechanical, optical, electronics and software systems which are used to examine natural objects and materials, and manufacturing processes to detect defects. It also improves quality and operating efficiency. The global market for machine vision system is primarily driven by the increasing need of quality assurance and digital automation.

In this report, an in-depth market analysis has drawn to craft a vision for machine vision products and their potential benefits for utilities and their stakeholders. With growing advancements in automation and technologies, the future of machine vision systems is expected to grow to provide a high quality assurance across various industrial and non-industrial verticals.

This report presents a value chain in machine vision technology which starts with various components such as sensors, lightings, hardware, software, processors manufacturers and so on.End-users and OEMs who want to configure their own vision systems can get all required components - like cameras, boards, lighting equipment, PCs and vision software directly from component manufacturers.This report also aims to capture the industry roadmap with regards to the market size in terms of value market dynamics, verticals, technology and product trends, geographic analysis, and price trends.

The report is segmented into component, product, technology, application, verticals and geography; each of these segments is further divided into sub-segments.The total market size of machine vision systems market is expected to reach $9.50 Billion by 2020 at an estimated CAGR of 12.51% from 2014 to 2020.

Some of the major players in the market are Cognex Corporation (U.S), Teledyne Dalsa (U.S), Basler AG (Germany), Soliton Technologies (India),Vitronic GmbH (Germany), Sick IVP (Germany), JAI (U.S), LMI Technologies (U.S), Adept Technologies Inc (U.S), MVTech Software GmBH (Germany), Omron Corporation (Japan), Absolute Vision (U.K), Stemmer Imaging (U.K), ISRA Vision (Germany), and Edmund Optics (U.S), Pixelink (U.S) among others.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Cover Story

5 Premium Insights

6 Market Overview

7 Industry Trends

8 Machine Vision Standards

9 Machine Vision Market,By Components

10 Machine Vision Market, By Application

11 Machine Vision Market, By Product